A crypto lender, is filing a petition requesting an extension of the deadline for users to submit their claims in the ongoing bankruptcy proceedings. the motion is scheduled to be heard by the bankruptcy court on january 10, 2023, with the current claims deadline set for the same date. creditors have filed more than 17,200 claims as of today. the u.s. bankruptcy judge responsible for the celsius case also ordered the bankrupt firm to return around $44 million worth of cryptocurrencies to customers of celsius’ custody and withhold accounts.
Petition was filed four months ago, in september 2020, when celsius filed for bankruptcy. the motion is scheduled to be heard by the bankruptcy court on january 10, 2023. the current claims deadline is set for january 3, 2023. the extension is needed “to provide account holders with additional time to file any proofs of claim.”
And other advisers in the celsius case had been seeking nearly $53 million in legal fees for their services in just four months since the firm filed for bankruptcy. kirkland & ellis billed almost $20 million for its services from july through october. white & case llp, which represents the unsecured creditors’ committee, had a $10.2 million bill. alvarez & marsal north america llc sought $6.5 million for their services. m3 advisory partners llp sought $4 million for their services. a possible extension of the deadline for celsius’ customers to submit their claims is likely to anger many of the firm’s customers. the extension is needed to ensure customers have enough time to submit their claims.